I feel almost pressured to do this with all my friends/family buying up, even though they are putting like 5-10% down. Is a house investment that important? Should I just try to invest or just stay in an apartment? I'm lazy when it comes to fixing things and love how I don't have to deal with maintenance.
32 years old In the US, right now I'm making $130K, car paid off, rent is $1100 a month in a decent place, saving 60-70% of my paycheck, use my credit card for everything and pay off at the end of the month which works out well with my credit score and bonuses.
I hate debt and I'm saving more than I ever have in my life right now, with a potential title bump for another 10-20K in the future. Does it make sense to start now? What are your thoughts?
Absolutely sir. Please send me 3BTC and I will quickly bring house sir thank you
Josiah Hernandez
100% worth it to not have to live near blacks and single moms. Luckily I had the VA loan so I didn't have to front the 20% to avoid PMI.
Adrian Robinson
It depends on the houses in your area. 200k? Sure, why not. 500k? Harder conversation. And, of course, schools/demographics are an important consideration.
Matthew Scott
Yes, if you're married. Makes no sense for a single guy to buy a house though.
Nicholas Rodriguez
>putting like 5-10% down. how to get crushed by interest 101 absolute brainlet tier
Camden Perez
The way to win in the world now is living on leverage so yes you should but the house. Stop being afraid of debt it’s all gonna be ok
Wyatt Ward
I’d say wait a year or two for the next housing crash then pick up a nice house for real cheap. Save everything you can up until that though
Dominic Cooper
Yeah you can afford it. Renting is for cucks m8. I'm also 32 and bought my first house 6 months ago. Mortgage debt is not the same as revolving debt.
Also with Federal home loans it's only 3% down. But then you need PMI. if you can save up the 20% cash you should do it.
Jaxon Foster
Yeah but the thing is you gotta buy it somewhere fucking small and free of bullshit. Like yeah, a house in Detroit is probably cheap and you think "maybe I can flip this house and work towards bringing up the value of the community I live in" then you wake up and your house is gone cause niggas can't have shit in Detroit.
William Sullivan
Thanks, I'll probably just save another year for the 20%, closing costs, and emergency fund, see where that puts me. Looking in the 300K range.
Bad choice of words. Just wondering if I'm waiting too long that's all.
The only other thing is job flexibility. If something comes along out of state it would be a pain to up and move when you have a house vs apartment. The way the world is now though WFH in my profession is much more accepted now though so maybe that isn't an issue anymore.
Landon Carter
>rent is $1100 >decent place
where do you live..? Fuckin Nebraska?
Dominic Barnes
wait until at least mid next year since it takes around 6 months for foreclosures to take place.
Jaxon Reed
33 here just bought my house , bought way under what i can afford and making extra payments to build more equity and get out of PMI
It is a money hole though 5k here 5k there in theory eventually youll get that back.
Bottom line i just live in a way nicer place with a lot more room and privacy.
Andrew Long
Personally I'd prefer to rent until I could make a major down payment or buy a house/condo with straight cash. I want to have as little debt in my life as possible.
Robert Ortiz
Do you have a wife with kids or are planning to get kids soon? There is absolutely no reason to buy a house if you are on your own. Also prices should fall soon since many reatards cant pay their mortgages right now due to Corona, so you might want to wait 1 or 2 years.
Adam Diaz
Just hmu when you need home and life insurance OP
Cooper Cruz
yes buy two when the Market Holocaust comes, have some other fag pay one of the mortgages. I own two house and bought one in 2015 that someone rent, its another revenue stream./
>Also prices should fall soon since many reatards cant pay their mortgages right now due to Corona Why would this lead to prices going down though?
William Sullivan
this I bought houses in El Paso and PA, Mil fag and I turned one in a rental while I live in the one in PA, El Paso is a Mc Mansion that sold for 210k new at 2900sf while the PA one was 184k house from 1933 that has been totally renovated and looks better than my house in El Paso thats more on the higher end of Mc Mansions
Jackson Carter
>they are putting like 5-10% down >at the start of the depression >massive unemployment rolling in Thanks to retards like you and your friends I will scoop up cheap repossessed houses in 2 years.
Xavier Brown
more supply of houses on the market with less people who can afford them.
Joseph Perez
20% and 15 year mortgage. Anything under 20 incurs PMI and 30 year mortgages spend the first 5+ years paying all interest practically.
Nicholas Gutierrez
Can I buy a house with crypto? avoiding taxes? how?
In Europe.
Isaiah Diaz
buying one because of pressure is retarded keep saving until you could buy one outright
Andrew Rogers
Damn coastie. A decent apartment in an Alabama city is $600
Jeremiah King
No, but you can buy it with cash
Alexander Ward
They dont teach you what a run on sentence is in the military do they
Wyatt Gonzalez
>Alabama That's like a nice third world country, no joke.
Nathan Morales
Basically if you plan to stay for 5 years then yes, buy
Lincoln Cruz
navy federal doesnt have pmi >tfw put 5%down on cash flow property to leverage a higher va entitlement
Dylan Reed
>you can buy it with cash Surely that's not possible though
Elijah Jackson
>I feel almost pressured to do this with all my friends/family buying up
That should be enough to let you know it's a bad idea.
